e.l.f. Beauty (NYSE:ELF) Price Target Lowered to $130.00 at Truist Financial

e.l.f. Beauty (NYSE:ELF) had its target price reduced by Truist Financial from $210.00 to $130.00 in a report released on Wednesday morning, MarketBeat.com reports. They currently have a buy rating on the stock.

ELF has been the subject of a number of other reports. Bank of America lowered their target price on shares of e.l.f. Beauty from $190.00 to $165.00 and set a “buy” rating for the company in a research note on Tuesday. Baird R W upgraded shares of e.l.f. Beauty from a “hold” rating to a “strong-buy” rating in a research note on Thursday, July 18th. Raymond James restated a “strong-buy” rating and set a $235.00 price objective on shares of e.l.f. Beauty in a research note on Monday, July 22nd. Morgan Stanley decreased their price objective on shares of e.l.f. Beauty from $184.00 to $139.00 and set an “equal weight” rating for the company in a research note on Monday, September 30th. Finally, DA Davidson restated a “buy” rating and set a $223.00 price objective on shares of e.l.f. Beauty in a research note on Tuesday. One investment analyst has rated the stock with a sell rating, two have issued a hold rating, eleven have assigned a buy rating and two have given a strong buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $191.21.

e.l.f. Beauty Stock Up 0.2 %

ELF stock opened at $108.19 on Wednesday. The firm has a 50 day moving average of $126.68 and a 200 day moving average of $161.81. The stock has a market capitalization of $6.05 billion, a PE ratio of 48.73, a price-to-earnings-growth ratio of 2.19 and a beta of 1.43. The company has a quick ratio of 1.10, a current ratio of 1.77 and a debt-to-equity ratio of 0.23. e.l.f. Beauty has a 52 week low of $88.47 and a 52 week high of $221.83.

e.l.f. Beauty (NYSE:ELF) last released its earnings results on Thursday, August 8th. The company reported $0.87 EPS for the quarter, topping analysts’ consensus estimates of $0.67 by $0.20. The company had revenue of $324.48 million during the quarter, compared to analysts’ expectations of $303.60 million. e.l.f. Beauty had a net margin of 10.80% and a return on equity of 23.30%. Sell-side analysts forecast that e.l.f. Beauty will post 2.88 earnings per share for the current year.

Insider Activity

In other news, CEO Tarang Amin sold 548 shares of e.l.f. Beauty stock in a transaction that occurred on Monday, August 5th. The shares were sold at an average price of $175.00, for a total transaction of $95,900.00. Following the completion of the transaction, the chief executive officer now directly owns 214,507 shares of the company’s stock, valued at $37,538,725. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 5.20% of the company’s stock.

Hedge Funds Weigh In On e.l.f. Beauty

Institutional investors have recently made changes to their positions in the company. Canada Pension Plan Investment Board purchased a new stake in e.l.f. Beauty in the 2nd quarter worth $6,659,000. Cetera Investment Advisers increased its holdings in e.l.f. Beauty by 33.8% in the 2nd quarter. Cetera Investment Advisers now owns 39,319 shares of the company’s stock worth $8,285,000 after acquiring an additional 9,939 shares in the last quarter. Clearbridge Investments LLC increased its holdings in e.l.f. Beauty by 84.4% in the 2nd quarter. Clearbridge Investments LLC now owns 1,259,644 shares of the company’s stock worth $265,432,000 after acquiring an additional 576,383 shares in the last quarter. Swiss National Bank increased its holdings in e.l.f. Beauty by 0.5% in the 1st quarter. Swiss National Bank now owns 108,900 shares of the company’s stock worth $21,348,000 after acquiring an additional 500 shares in the last quarter. Finally, Nia Impact Advisors LLC purchased a new stake in e.l.f. Beauty in the 2nd quarter worth $1,794,000. 92.44% of the stock is owned by hedge funds and other institutional investors.

e.l.f. Beauty Company Profile

e.l.f. Beauty, Inc, together with its subsidiaries, provides cosmetic and skin care products under the e.l.f. Cosmetics, e.l.f. Skin, Well People, and Keys Soulcare brand names worldwide. The company offers eye, lip, face, face, paw, and skin care products. It sells its products through national and international retailers and direct-to-consumer channels, which include e-commerce platforms in the United States, and internationally primarily through distributors.